Market Overview for Qtum/Tether (QTUMUSDT)

Summary
• Price tested key support near 1.28 and bounced with a bullish engulfing pattern.
• Momentum slowed near overbought RSI 70, with a potential pullback signal.
• Volume and turnover surged during the rebound, affirming price action.

Qtum/Tether (QTUMUSDT) opened at 1.307 on 2025-12-28 12:00 ET − 1, reached a high of 1.326 and a low of 1.281, closing at 1.286 by 12:00 ET. Total volume for the 24-hour window was 607,179.9, while notional turnover stood at 784,631.6639.

Structure & Key Levels

Price action formed a bullish engulfing pattern near 1.284, suggesting a short-term reversal from prior bearish momentum. Support at 1.28–1.282 held during early morning trading, while resistance emerged at 1.29–1.292. A doji at 03:45 ET signaled indecision, followed by consolidation in a tighter range.

Trend and Moving Averages

On the 5-minute chart, the 20-period and 50-period moving averages crossed during the rebound, hinting at a potential short-term bullish crossover. On the daily chart, the price appears to be between the 50-period and 100-period MAs, suggesting indecision between consolidation and breakout.

Momentum and Volatility

The RSI approached overbought territory near 70 before correcting, indicating a potential exhaustion of upward momentum. MACD remained positive during the bounce but showed a narrowing histogram, suggesting slowing buying pressure. Volatility expanded briefly during the morning session before contracting into a tighter trading range.

Volume and Turnover Analysis

Volume increased significantly during the morning rebound, particularly around 04:30–05:00 ET, confirming the bullish reversal. Turnover spiked during the key 1.29–1.295 price range. No divergence between price and turnover was observed, suggesting alignment in market sentiment.

Bollinger Bands and Fibonacci Levels

Price tested the lower Bollinger Band at 1.281 and rebounded strongly, confirming a momentary oversold condition. On the 5-minute chart, the 61.8% Fibonacci retracement of the prior bearish move aligned with key support at 1.28–1.282, reinforcing its importance.

Forward-Looking View

While the short-term rebound appears to have momentum, further consolidation near 1.285–1.288 may test buyers’ commitment. A break above 1.293 could signal a larger test of 1.295–1.298 resistance. Investors should remain cautious as volatility remains low and a pullback to key support is still possible.